The increasing proportion of tea remaining unsold at the auctions of Coonoor Tea Trade Association witnessed in the past few weeks continued at Sale No: 46 this weekend when about 33 per cent of the 16-week high offer of 16.93 lakh kg had to be withdrawn for want of buyers.

Overall, there were no takers for 5.45 lakh kg worth about Rs 3.39 crore despite shedding Rs 2 a kg.

“Orthodox leaf market was irregular with prices oscillating Rs 2-4 a kg less and more. Better liquoring CTC leaf market was also irregular in Rs 1-3 range but better mediums lost as much as Rs 5-10 and many plainers could not be sold despite shedding Rs 2-3. Primary orthodox, however, lost Rs 5-10 a kg. High priced CTC dust market was irregular at Rs 2-3 oscillation, but better mediums lost Rs 2-4 and plainers Rs 2-3,” an auctioneer told Business Line .

Among CTC teas, Vigneshwar Estate, auctioned by Paramount Tea Marketing, topped at Rs 137. Homedale Estate got Rs 136, Blue Monte Speciality Rs 134, Hittakkal Estate and Shanthi Supreme Rs 130 each. In all, 65 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Curzon got Rs 198, Kairbetta Rs 164, Corsely Rs 163 and Havukal Rs 160, in all, 30 marks got Rs 100 and more.

On the export front, Pakistan bought in wide range – Rs 48-70 a kg and the CIS Rs 46-70.

Quotations held by brokers indicated bids ranging Rs 40-48 a kg for plain leaf grades and Rs 80-115 for brighter liquoring sorts. They ranged Rs 45-50 for plain dusts and Rs 85-137 for brighter liquoring dusts.

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